Is Advance Auto Parts Setting Up for a Big Move? By StockNews
A down channel chart pattern has formed in the chart of Advance Auto Parts (NYSE:) over the past two months. It is a mixture of a support line that runs parallel with a resistance line. A big movement is possible if the stock breaches either of these levels. You can read more for how to profit from the trade. Advance Auto Parts (AAP), North America’s biggest retailer of aftermarket parts and tools, is a leader in the DIY market. AAP owned 4,976 shops and serviced 1,277 Carquest independent stores.
AAP has expanded its presence by opening new shops and expanding its online reach. AAP continues to improve its Do It Yourself (DIY), e-commerce platform. AAP’s acquisition of DieHard is boosting sales.
AAP’s current ratio is 1.3. This indicates that it has enough liquidity to meet short-term obligations. Our POWR Ratings have given AAP a Quality grade of A. The company’s 44.9% gross margin is higher than the industry average.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.